CHINA STEEL WRAP: Hebei Steel cut longs settlement prices for December

Dec 28, 2011 | 03:42 AM |

Hebei Steel Group has reduced its December settlement prices for rebar and wire rod by 20-90 yuan ($3) per tonne to encourage more bookings. "There’s little buying sentiment among traders given the slow market at the end of the year,” a trader in Shanghai said, adding that....

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